{"id":330271,"date":"2024-11-07T00:34:00","date_gmt":"2024-11-06T16:34:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330271"},"modified":"2024-11-07T00:34:02","modified_gmt":"2024-11-06T16:34:02","slug":"trade-the-news-smbs-earnings-jump-on-strong-beer-sales","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smbs-earnings-jump-on-strong-beer-sales\/","title":{"rendered":"Trade the News: SMB’s earnings jump on strong beer sales"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>San Miguel Brewery Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>SMB<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 102.60<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Strong beer sales buoyed San Miguel Brewery Inc. (SMB)\u2019s earnings from its domestic operations in the nine months ending September.<\/p>\n\n\n\n

SMB reported a net income of P23.4 billion from its Philippine operations in the first three quarters, a 37-percent jump year-on-year.<\/p>\n\n\n\n

The company said the growth includes dividends of P7.4 billion from its international subsidiary.<\/p>\n\n\n\n

Domestic revenues for the January to September period saw a 2.7 percent improvement to P98.8 billion as a result of better third quarter performance.<\/p>\n\n\n\n

In the third quarter alone, SMB\u2019s beer sales volume recovered from a slower first half as it increased by 3.9 percent or 1.9 million cases.<\/p>\n\n\n\n

The growth was attributed by the company to targeted sales and marketing efforts, along with volume-boosting programs.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330271","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330271"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330271\/revisions"}],"predecessor-version":[{"id":330273,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330271\/revisions\/330273"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}